In The News

Lawrence E. Walsh, former federal judge is named independent counsel to investigate the Iran-contra arms deal that has rocked the Reagan Administration.

Hearing - Former national Security Adviser John M. Poindexter and his former aide, Oliver L. North invoke the fifth Amendment right against possible self-incrimination and refused to answer questions from the House foreign Affairs Committee.

Secretary of State George P Shultz says that Reagan Administration officials should get things out as rapidly as possible about secret U.s. arms shipments to Iran and diversion of funds to Nicaraguan rebels.

President Reagan purposely cut some top aides from his Jan. 17 authorization to sell arms to Iran, apparently bypassing his own procedure for circulating national security decisions, White House spokesman Larry Speakes says.

“Reagan’s Way,” a 60-minute nationally syndicated television show saluting President Reagan on his 76th birthday has been canceled because all the national advertisers have backed out since the Iran arms scandal broke.

Presidential spokesman Larry Speakes says that recent public comments by White House Communications director Patrick J. Buchanan – in which he compared Lt. Col. Oliver L. North to Americans who broke the law for good cause – did not reflect the thinking of the White House.

Holocaust survivor Elie Wiesel accepts the 1986 Nobel Peace Prize on behalf of those who lived through the Nazi genocide campaign of horror that killed millions of Jews.

USAir announces an agreement to buy Pacific Southwest Airlines for $400 million in a deal that would create the 6th largest passenger carrier in the nation with 20,000.

Sports news – December 8, 1986

The Jets lose their fourth straight as the Steelers beat them – 45-24.

A jury awards former San Diego Chargers owner Eugene Klein more than 45 million in his lawsuit accusing Al Davis, the Raider’s managing general partner, of malicious prosecution.

Entertainment/Celebrity news – December 8, 1986

Near Hollywood - Tim Roman is booked for the murder of his mother, former movie actress Susan Cabot (59). She was found beaten and battered in her bed.

Music news – December 8, 1986

New on MTV – “Hip Clip of the Week.” This week – they picked “Fight for the Right (to Party)” by the Beastie Boys. MTV is going to show The Beatles Cartoons” which originally aired in 1965 on ABC-TV. Also just added, “The Meldrum Tapes,” a new monthly rock talk show hosted by Ian (Molly) Meldrum.